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== == Overall, the study found that: * The average Experian PLUS(SM) Score for consumers with no late auto payments is 689 versus 596 for consumers with at least one late auto payment. When a payment is late by 90 or more days, the average score dropped to 574. * 1.5 percent of consumers who have an auto have a repossession noted on their credit file. The average credit score for those with a repossession dropped even further to 566. The states with the highest repossession rate are Arizona, New Mexico, Texas, South Carolina and Nevada.

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โˆ™ 2009-01-09 20:56:21
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Q: How badly does it affect your credit if you surrender a vehicle to the financing credit union due to financial hardship?
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Related Questions

What services are offered by BMW Financial?

BMW Financial arranges financing for BMW cars. They also arrange lease term for their vehicles. They are there to get you in a new or used vehicle quickly.

What is the Martin County Florida Saes Tax rate?

6% If financing a vehicle 6.5% If leasing a vehicle 6% If financing a vehicle 6.5% If leasing a vehicle

Can you surrender your vehicle after filing chapter 13?

Can you surrender your vehicle after filing chapter 13?

Why would someone go to Lexus financial?

Someone would go to Lexus financial if they were interested in obtaining a loan for a new or used Lexus vehicle. Lexus financial offers competitive rates and often has special financing deals available to customers.

What type of financial advice should be known before buying a Chrysler?

Chrysler financing is available from Chrysler Capital. The benefit of using Chrysler Capital is the ability of retailers and dealerships to work on and complete the financing of the vehicle at the exact same time as purchase.

How do I surrender a vehicle to the bank?

obama did it!!!!!!!!!!!

Where can one get vehicle financing?

One can get vehicle and automobile financing and insurance from a number of places including the following companies: Progressive, All State, Geico, and Esurance.

In general the financial markets provide a vehicle for?

in general the financial markets provide a vehicle for

How do you Sell a vehicle that you are financing?

If you are financing the sale, you would list your name and address on the title as Lienholder or Secured Party.

If you are financing a vehicle can you remove the co-owner from the vehicle?

Only if you refinance the vehicle without the cosigner on the new loan.

What does financing a vehicle mean?

Borrowing the money from someone to buy it.

Who arranges the vehicle finance for customers?

Customers can arrange financing for new vehicle purchases directly through their bank. Financing can also be done through the dealership from which a person buys a car.

How do you voluntary turn in your car at the dealership?

Unless the dealership is the one actually financing your car, you don't. You would turn it in to the finance company. You just call them and tell them you wish to voluntarily surrender the vehicle. They'll give you instructions on how to proceed.

Are you in default of a car loan if the vehicle is not registered?

Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.

When you sell a vehicle that you have clear title on and the buyer plans on financing who do you name as the vehicle owner on the title?

The buyer.

Can someone drive to surrender a car to the dealer?

The surrender will depend on who holds the loan on the vehicle. If the dealer has in house financing then an agreement could be made to give the car back. If the loan is through another company, then a deal must be made to give the car to them. They could let you drop it off at a branch, or require someone to pick it up from you.

Does GMC financing have the best auto loan rates?

The available rate from GMC varies depending on which vehicle you are looking to buy. These rates may also vary from day to day. The best option for you is to select which vehicle you are interested in purchasing and then compare that rate with other financial institutions.

Can you voluntarily surrender a vehicle if you are currently residing in another state?


Auto Financing?

form_title=Find Auto Financing form_header=If you're looking into buying a new vehicle, find a source of financing to make your dream a reality. How much can you put in a down payment?=_ What is your requested financing term length?=_ What is your total yearly income?=_

What happens if you default on a vehicle lease agreement?

What typically happens is that the party financing the lease will repossess the vehicle. The vehicle will typically be sold and the party financing the lease will attempt to collect the balance remaining under the lease either through a collection agency or through formal legal action.

How many months can you be behind on a payment before the repo?

That would depend entirely on the financing institution or an agreement between them and you at the time of financing. If you are fearing repossession, get in touch with your financier and let them knw you are in arrears and explain why. Work out some kind of extension or payback plan. The financial institution would rather have your money than your vehicle. But if you don't get in touch with them, their obvious thought is that you don't plan on paying and will send the repo man after the vehicle.

Dealer Financing vs. Credit Union Financing?

Dealer Financing vs. Credit Union Financing Use this calculator to help you compare financing between your credit union and low interest dealer financing. A dealer rebate, usually not available when you choose low interest dealer financing, combined credit union financing, can produce a lower initial loan balance, and in many cases, a lower monthly payment. The best option depends on the price of the vehicle, the size of the rebate and the interest rates available for financing.

How do you surrender your drivers license in new jersey?

In the state of New Jersey, you can surrender your drivers license by visiting the closest motor vehicle branch. Tell them you want to surrender the license and get a receipt as proof.

Can the court order you to surrender your vehicle?

An order of replevin will force you to turn over the vehicle or face charges of contempt of court.

Where might one be able to find cheap financing for a vehicle loan?

The cheapest way to find financing for a vehicle loan is to go directly to the car dealership, as they are able to offer far better interest rates as the can offset them against the base value of the car.